Seminar on Multilateral Convention on Mutual Administrative Assistance in Tax Matters
Seminar on Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
A seminar on Multilateral Convention on Mutual Administrative Assistance in Tax Matters was organized by FBR in Marriott Hotel Islamabad on 28th September, 2016. The seminar was presided over by Finance Minister, Senator Mohammad Ishaq Dar and attended by a large number of participants from different walks of life i-e chartered accountants, lawyers, representatives of chambers of commerce and industries, officials of State Bank of Pakistan, SECP and researchers etc.
Main Speakers of the Seminar were Finance Minister Senator Mohammad Ishaq Dar. Special Assistant to Prime Minister Mr Haroon Akhtar Khan, Chairman FBR Mr. Nisar Muhammad, Mr Masood Naqvi, Mr Mohsin Nadeem President of Pakistan Tax Bar Association, Haroon Rasheed from SBP and Mohammad Iqbal, Chief International Taxes, FBR. Speakers and participants appreciated the achievement of FBR for enabling Pakistan to receive the invitation from Secretary General of OECD for signing the Convention.
Chairman FBR, Mr Nisar Muhammad , said that the FBR has launched a pilot project in collaboration with the OECD ad UK tax authorities aimed at putting in place necessary apparatus to receive and share information on automatic basis with other Parities to the Convention.
Mr Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue, felicitated Finance Minister Senator Mohammad Ishaq Dar for signing the OECD Multilateral Convention and stated that Pakistan will be benefited in many ways by this treaty. He emphasized that businessmen must contribute to the national exchequer to make Pakistan a prospress country.
The Chief Guest, Finance Minister Senator Mohammad Ishaq Dar, termed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters as the most powerful global treaty to curb tax evasion. He said Pakistan has entered into a new era of international tax cooperation which will help curb the menace of offshore tax evasion.